Ballistic Recovery Systems and Symphony Aircraft Industries Announce Business Alliance
April 12 2005 - 2:30PM
PR Newswire (US)
Ballistic Recovery Systems and Symphony Aircraft Industries
Announce Business Alliance Fast Track Factory Installation is
Expected by Late Summer SOUTH ST. PAUL, Minn., April 12
/PRNewswire-FirstCall/ -- Ballistic Recovery Systems, Inc.
(OTC:BRSI) (BULLETIN BOARD: BRSI) ( http://www.brsparachutes.com/
), a manufacturer of parachute recovery systems for general
aviation and recreational aircraft, today announced that it has
signed a strategic alliance agreement with Symphony Aircraft
Industries (SAI). The Joint agreement allows Symphony to fast track
the first factory BRS installations, and make the Three Rivers
Quebec based airplane company the first certificated high-wing
design to offer the parachute factory installed. This combined
offering is the basis for an ongoing business relationship that
will lead to the BRS system integration possible on every factory
plane from Symphony. "Ballistic Recovery Systems is pleased to be
in alliance with Symphony Aircraft," proclaims Mr. Larry E.
Williams, President and Chief Operating Officer of BRS. "This is a
joint-initiative to market and promote the safety benefits of a
whole airplane emergency recovery parachute. The alliance is an
opportunity to those purchasing a Symphony aircraft to have the
option to add the BRS system when the aircraft is built. We look
forward to a successful partnership and will continue to look for
other opportunities with other partners. This alliance between
Symphony Aircraft and BRS is a sign of the future." Symphony
Aircraft President and CEO Paul Costanzo said, "Symphony Aircraft
is proud to offer the only certified 2 Place aircraft with the BRS
system. With its superior useful load and large baggage
compartment, the Symphony 160 is the only certified 2 Place
aircraft that can accommodate the system. The strategic alliance
between Symphony Aircraft and BRS is good news for general
aviation." The factory availability of a parachute system designed
into a high wing plane will provide a measure of passenger comfort
and demonstrate to pilots how cooperation with an aircraft
manufacturer can lead to a well integrated design with no
aerodynamic, weight or balance compromises. SAI is targeting
certification for the Symphony 160 with the BRS on-board emergency
system for late July 2005, with deliveries beginning in September,
2005. "It is well known by passengers that having a parachute is a
positive factor immediately, but even more telling is that high
pilot acceptance is realized after they have flown parachute
equipped airplanes for hundreds of hour's enroute, over terrain,
after maintenance and at night. A parachute gives the pilot another
'out' in the decision chain; it gets pilots in the air and an out
on trips," said John Gilmore - VP Sales and Marketing of BRS Inc.
Founded in 1980 and based in South St. Paul, Minnesota Ballistic
Recovery Systems Inc, BRS has sold nearly 20,000 of its whole-plane
parachute systems; BRS units have been documented to have saved
over 177 lives. Symphony Aircraft Industries, Inc. exists for a
single purpose; to design, build, market and support the Symphony
line of Part 23 certified aircraft. Symphony Aircraft offers
everything pilots want in a personal transportation
airplane-safety, comfort, utility, performance and good looks. The
forward looking matters discussed here should be considered subject
to risks and uncertainties, including market fluctuations, pricing,
procurement, manufacturing efficiencies, and other risks that could
cause the actual results to differ materially from those projected.
For more information, review the company's filings with the
Securities and Exchange Commission, particularly the Company's
annual report on Form 10-KSB. For more information on BRS contact:
Larry E. Williams; BRS, Inc: Fleming Field, 300 Airport Road; South
St. Paul, MN 55075; USA () TEL 651.457.7491; FAX 651.457.8651 or
Robb Leer, media liaison at 953-842-8133 ( ) DATASOURCE: Ballistic
Recovery Systems, Inc. CONTACT: Robb Leer, +1-612-701-0608, for
Ballistic Recovery Systems, Inc., or Larry E. Williams of Ballistic
Recovery Systems, Inc. +1-651-457-7491, Web site:
http://www.brsparachutes.com/
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